8316-605 Reviewing Corporate Policy and Strategy

Unit Overview

8316-605 Reviewing Corporate Policy and Strategy is one of the units within the ILM Level 6 modules that covers critical aspects of corporate management and governance. Leaders must understand the corporate policy and strategies that are aimed at achieving the goals and objectives within the workplace. These are policies and strategies that have been established within the organisation to achieve both the operational and strategic goals. It involves being able to effectively improve the ability of the leaders to contribute to shaping the activities that have been implemented within the workplace.

Leaders must be able to receive the policies and strategies and improve them to ensure they are able to meet the changing needs and demands of the organisation within its environment and context. Leaders must be able to effectively evaluate the organisation's purpose, vision and values and align these with the stakeholder’s perceptions of the organisation, which is effective in contributing towards managing both profit and non-profit organisations.

8316-605 Reviewing Corporate Policy and Strategy is a critical unit in shaping the practice of leaders within their organisation. It helps them to understand their role in shaping the organisation's culture by regularly reviewing the policies and strategies that have been implemented within different areas of leadership within the organisation. The main aim and purpose of the unit is to increase performance in reviewing the corporate policies and strategies in the organisations. The unit is taught in 11 hours of guided learning and contributes 6 credit values towards the completion of the ILM Level 6 module.

Suitability of the Unit

Leaders must be able to influence the corporate culture within the organisation. They should understand the corporate policies and strategies that have been established within the organisation. This involves being able to effectively understand the perception of the stakeholders within different areas of responsibility to improve alignment with the organisational approaches and elements. It involves being able to effectively influence these perceptions by shaping the purpose, vision and mission of the organisation hence establishing values that are applicable within the organisation.

These roles require the leaders to acquire the theoretical and practical information needed for the organisation. As such, 8316-605 Reviewing Corporate Policy and Strategy is a critical unit in improving the performance of the leaders in this specific goals and objectives. It ensures that the leaders have an understanding of the various corporate policies and strategies applied within the workplace. The unit is designed to improve the ability of the organisation to contribute effectively in managing their organisations.

The unit is designed to meet the learning needs of the middle managers within the workplace. This helps to improve the alignment of the organisation to policies and procedures that are effective within the workplace. It also supports the transition process from middle managers to senior and executive managers within the organisations. The unit is also applicable to other leaders, including junior leaders and executive management, by improving their understanding of the contributions that they can make within the organisational setting.

Learning Outcomes

Upon completion of the unit, the learners should be able to:

• Understand the concepts of corporate strategy and policies

• Compare the stakeholders’ perception of the organisation’s purpose, vision and values

• Understand the effectiveness of the process for developing corporate policy and strategy that helps to develop best practices within the workplace

• Understand the effectiveness of current policies and strategies that have been implemented within the workplace to meet the organisation's purpose, vision and values

• Review and evaluate organizational structures, cultures and internal communication systems

• Assess the effectiveness of the structures in enabling the implementation of policy and strategy

• Make recommendations to improve the procedures for development and implementation of corporate policy and strategy

Key Learning Areas

8316-605 Reviewing Corporate Policy and Strategy is a unit that focuses on understanding the principles and policies that improve performance within the organisation. The corporate strategies must be aligned to the goals and objectives of the organisation. Some of the main learning areas include:

Understanding the Concept of Corporate Policy and Strategy

This area of learning guides the learner to understand the principles and policies that can be applied to improve the performance of the organisation. This is critical in improving their performance and setting up approaches that are critical in improving the performance of the leaders in different contexts. The area f learning helps the learner to understand the purpose, vision, and values of the organisation hence ensuring they can fulfil their roles and responsibilities within the workplace.

Stakeholders and Corporate Policy and Strategies

This area of learning helps the learners to understand the association between customers, both internal and external and the corporate policy and strategies. It is critical that organisations implement effective measures that meet their obligations to the customers. This area of learning helps the learners to evaluate the internal environment, including the objectives of the organisation to its customers hence improving its ability to meet their expectations and needs. It also helps the learners to understand the impact of the perception of stakeholders and colleagues on the mission, values and purpose of the organisation and its impact on the performance of these stakeholders.

Improving Corporate Strategy and Policy

It is critical for learners to understand approaches that they can use to improve the strategies and policies to ensure they achieve the organisational goals and objectives. This area of learning introduces the learners to different approaches to evaluate their corporate structure and policy. It involves understanding market analysis, competition analysis and the internal environment of the business. The area of learning also aims at improving the ability of the leaders to report to senior management to ensure that they can make recommendations to improve the performance of the organisation.

Evaluation

The unit is evaluated using different approaches that determine the mastery of theoretical and practical concepts learned. It involves evaluating the accomplishment of the organisational goals and objectives. The evaluation used is mainly written assessments. However, supervised practice and simulated exercises can be used to improve the understanding of the ability to implement the learned concepts within a practical setting.